Bob van der Valk recently joined the Bakken Oil Business Journal as their Managing Editor of the bi-monthly print and digital journal editions, connecting business and resources for the greater Bakken area. Bob has collaborated & contributed to the editorial voice of the Bakken Oil Business Journal since its inaugural issue in May of 2012. He has been the source of information on the petroleum industry, as a whole, in addition to paying specific attention to the booming growth of Oil & Gas industry in the Bakken Oil Shale Region. Bob is quoted regularly in the national media for his expertise on petroleum industry matters and fluctuations in the prices of petroleum products. Bob has over 50 years of experience in the downstream refining and marketing sector of the petroleum industry with particular expertise on the U.S. western region. He is also a regular guest on Tom Egelhoff’s “Open for Business” radio program on KMMS-AM 1450 from Bozeman discussing current events in the petroleum industry for the region.
I have over 50 years experience in both the major and independent side of the refining and marketing side of the US petroleum industry.
Bakken Oil Business Journal
Associate in Arts degree at Cerritos College, Cerritos, CA
California Real Estate Broker
4Refuel LLC, Lynnwood, Washington
|Patsy||09/05/15||10||10||10||Thank you for answering a lengthy debate .....|
|Buster||06/28/12||10||10||10||Bob van der Valk responded to my .....|
There are two type of oil pipelines: Crude oil and Fuel. Refineries receive their raw materials by pipeline, rail cars and tanker trucks. They ship their finished products the same way to terminals
Buster: July 4th will give second wind for the start of the summer driving season after the Memorial Day weekend. However, this year the price of gasoline will be staying down as long as the Gulf Coast
There are trading firms brokering fuel including gasoline. Goldmand Sachs (GS)and Morgan Stanley (MS)are the two largest commodity trading firms in the US. Each region of the country broken into PADD's
Most major oil company refineries sell their gasoline direct through their branded retail stations at Dealer Tank Wagon prices or at their rack with discounts depending on the destination of the delivery
You should have a production agreement with the refinery, with which you will be refining the crude oil, in place before making a contract to purchase crude oil. They may already have an agreement in